RE:Insider reports To be clear, I had a sailfish option ($1 strike) that expired this past Monday after a blackout period was removed. There was liquidity on Mako last week, so I exercised some Aug exp'y 1.625 strike options (and sold into the buyer at 2.55) to fund that exercise (both at mako and fish).
Jesse exercised his options because I let him know that I was exercising and he should do the same prorate with me
the reason why the stock went bonkers had nothing to do with this. It was because the SILJ decided to use a different index to track, which didn't include mko and fish. Silj then proceeded to sell 450k shares mako and 1.45m shares fish (at any price).
we were active on the buyback at both companies and the extra cash they got from the exercise was helpful for that.